Belagavi Businessman Loses ₹15 Crore in Cyber Fraud

Belagavi: In a shocking case of cyber fraud, an elderly businessman from Belagavi has lost ₹15 crore after falling victim to a “digital arrest” scam. The incident has raised fresh concerns over the growing number of sophisticated online frauds targeting citizens.
For more details : https://pragativahini.com/cyber-fraudsters-duped-an-elderly-businessman-from-belgaum-of-rs-15-crore/

According to police, the fraudsters contacted the victim through a video call, posing as officials and claiming that his bank account was linked to a money laundering case. They threatened him with legal action and “digital arrest,” creating panic and forcing him to comply with their instructions.

The scammers then asked the businessman to transfer his money to multiple bank accounts for “verification,” assuring him that the amount would be returned after the investigation was completed. Trusting their claims, the victim transferred ₹15 crore in phases.

When the fraudsters became unreachable, the businessman realized he had been cheated and approached the Belagavi City CEN police station. The complaint was filed on March 18.

Acting swiftly, the police have managed to freeze bank accounts containing ₹90 lakh out of the defrauded amount. A special team has been formed under the supervision of the Belagavi Police Commissioner to track down and arrest the accused.

Police have urged the public not to panic in such situations and advised citizens to immediately report any suspicious calls or threats related to “digital arrest” or financial transactions.

Read also : BJP Demands Action Over Delay in Belagavi Water Project

Shreeya
Shreeya

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